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...adjust troubled homeowner mortgages. The plan would provide $50 billion from the government to be tapped as insurance for banks willing to adjust mortgages in a loss-sharing agreement. The FDIC would guarantee any losses on loans readjusted for homeowners who can show a 38% debt-to-income ratio, similar to what the FDIC worked out for the 60,000-odd bad loans it ate when it closed IndyMac bank...

Author: /time Magazine | Title: Is Housing Nearing the Floor? | 10/31/2008 | See Source »

...They’re] far more similar to each other than they are to President Bush,” Mankiw said of the candidates’ approaches to energy policy...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: Professor Panel Focuses On Policy Similarities | 10/30/2008 | See Source »

There was a similar unveiling in 1992. Like Obama, Bill Clinton campaigned for the White House on a platform of middle-class tax cuts and a free-market-friendly approach to public policy. The government doesn't "spend" tax money in the New Democrats' lexicon. It "invests" in the future. And like Obama, Clinton saw another version of himself painted by the opposition: a pot-smoking, war-protesting, bureaucrat-loving, income-redistributing radical...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

...emission permits would raise billions of dollars, money Congress could then disperse in the form of grants for alternative-energy research, tax credits for greening homes and businesses, and loans to retool inefficient industries - starting with Detroit's struggling automakers. Republicans doomed a Clinton-era attempt to do something similar by christening the plan a "carbon tax." For Obama to succeed, he would have to convince the public that this tax is truly an "investment...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

Some defense analysts say these attacks, which are similar in scope and sophistication to recent attacks in New Delhi, Ahmedabad, Bangalore and Jaipur, could be the work of a jihadi group. Sreeradha Datta, of the Institute of Defense and Security Analysis in New Delhi, sees the influence of Harkat ul Jihad ul Islami, which is based in Bangladesh and has ties to ULFA, or some other jihadi organization operating within India. "This is part of the larger terrorist problem which has gripped India recently," Datta says. "They [ULFA] belong to Assam. They don't want to antagonize the Assamese...

Author: /time Magazine | Title: India's Northeast Rocked by Blasts | 10/30/2008 | See Source »

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